Spin

Spin

Spin - Freedom to Move. Learn more

Launch date
Market cap
-
Enterprise valuation
AUD29m (Public information from Sep 2023)
Santa Cruz California (HQ)
  • Edit
DateInvestorsAmountRound
-

N/A

-

N/A

Seed

$8.0m

Series A
*

N/A

Acquisition
*

$19.0m

Valuation: $19.0m

Acquisition
Total FundingAUD12.4m

Recent News about Spin

Edit
More about Spininfo icon
Edit

Spin is a dynamic startup revolutionizing urban transportation through its dockless scooter share services. The company partners with cities, campuses, community groups, and businesses to offer convenient and eco-friendly mobility solutions. Spin operates in various urban markets across the United States, including major cities like San Francisco, San Diego, and Washington D.C., and is expanding its presence globally.

The primary clients of Spin are urban commuters, students, and businesses looking for efficient and sustainable transportation options. By providing easy access to electric scooters, Spin helps reduce traffic congestion and carbon emissions, making city travel more efficient and environmentally friendly.

Spin's business model is based on a pay-per-ride system. Users can locate and unlock scooters through the Spin app, ride to their destination, and then leave the scooter at their endpoint. The company charges users based on the duration of their ride, typically starting with a small unlocking fee followed by a per-minute rate. This model ensures a steady stream of revenue while promoting frequent usage.

Additionally, Spin collaborates with local governments and institutions to ensure their services align with community needs and regulations. This partnership approach not only fosters goodwill but also helps Spin navigate the complex landscape of urban transportation policies.

In summary, Spin is at the forefront of the micro-mobility movement, providing accessible, affordable, and sustainable transportation solutions for urban environments. By leveraging technology and strategic partnerships, Spin is poised to continue its growth and impact on city transportation systems worldwide.

Keywords: dockless scooters, urban mobility, eco-friendly, pay-per-ride, micro-mobility, transportation solutions, electric scooters, city partnerships, sustainable travel, urban commuters.

Tech stack

Group
Tech stackLearn more about the technologies and tools that this company uses.